Business
Economy
BUDGET 2019: Govt redirects $197M fees-free underspend to vocational training
By Pattrick Smellie May 14 (BusinessDesk) - Fewer students than expected have taken up the government's offer of free fees for tertiary education, allowing nearly $200 million over four years to be redirected into a revamp of vocational skills training, Finance Minister Grant...
Economy
March guest nights down 4% from last year's earlier Easter
By Rebecca Howard May 14 (BusinessDesk) - Total guest nights spent in hotels, motels, backpackers, and holiday parks fell 4 percent in March from a year earlier largely due to the timing of Easter. “Guest nights fell across the country in March this year compared with last...
Infrastructure
Infratil, Brookfield to pay $2.06B cash and assume $1.34B of debt for Vodafone NZ
By Rebecca Howard May 14 (BusinessDesk) - Infratil and Brookfield Asset Management's $3.4 billion purchase of Vodafone NZ will see them each pay $1.03 billion for a 49.9 percent stake. The balance will come from taking on about $1.34 billion of Vodafone New Zealand's debt,...
Primary Sector
Rural Equities sells second-largest property
By Gavin Evans May 14 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. Puketotara, a beef and sheep finishing operation near Huntly, covers 1,146 hectares and...
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